Rent to own Homes in Wisconsin Rapids, WI
Wisconsin Rapids serves as seat of Wood County and enjoys a central location within the state. The area was once two separate cities, neatly divided by the Wisconsin River, but combined as one city in 1900 and adopted its current name in 1920. A variety of industries make their home here, from paper makers to cranberry and software companies. The people of Wisconsin Rapids offer Midwest charm and hospitality, adding to the small-town lifestyle.
Wisconsin Rapids, WI is a great place for affordable rent-to-own homes! With a median household income of over $44,585 and a median rent of $767, the Wisconsin Rapids, WI rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Wisconsin Rapids, WI. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Wisconsin Rapids, WI Property Resources
Rent to own Homes in Cities Near Wisconsin Rapids, WI
Neighborhoods in Wisconsin Rapids, WI
No neighborhoods foundPopular Zip Codes in Wisconsin Rapids, WI
No zip codes foundBuying a Home in Wisconsin Rapids, WI
Wisconsin Rapids, WI is seeing rapid growth and Wisconsin Rapids, WI's' housing market remains optimal with an average home price that is -59% below the 2024 national average. Wisconsin Rapids, WI is part of Wood county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Wood is 1.78% which is above the national average, which is 0.99%.
Median Home Price in Wisconsin Rapids, WI
Median Rent in Wisconsin Rapids, WI
Top 5 Reasons to Move to Wisconsin Rapids, WI
Impressively low housing costs! The median house price is $87,400, compared to $169,000 in Wisconsin as a whole. Not only can buyers save, but the low median rent of $575, versus $889 nationally, means that renters also cash in on savings. Such low housing costs may inspire one to strike up the Wisconsin Rapids City Band or belt out a tune at Hollyrock's Thursday night karaoke.
Move here to stay! When scoping out the real estate in Wisconsin Rapids, one is sure to note that over 64 percent of the housing is owner-occupied, which is a great sign that people enjoy living here. When buying a home or looking at rent to own options, one should consider the neighborhood to find their ideal place to live. First Street North borders the Wisconsin River and Gaynor Park.
Plenty of parks! Trying a new sport or simply heading outdoors for some fresh air is easily done in Wisconsin Rapids. Poplar Springs Park features a hill for sledding while Lyon Park is home to one of the area's bike trails. Municipal Zoo is another park, and it has a petting zoo and play area.
Celebrate the arts! Although there isn't a museum devoted solely to the arts, the Alexander House serves the area in many ways. It celebrates the history of the Nekoosa Edwards Paper Company and has routine exhibits that include local artwork. A new addition to the local art scene since 2010 is the Grim Natwick Film Festival, which is named after one of the animators of Betty Boop.
Visit a museum! The South Wood County Historical Corporation Museum is housed in the Witter family's former property. Influential in many local businesses, it's fitting that this museum was selected to display exhibits which showcase the history of the county. Papermaking has long been a top contributor to Wisconsin Rapids' standard of living. The Wisconsin River Papermaking Museum highlights the industry's history at the Stanton Mead family estate.